Voestalpine (OTCMKTS:VLPNY) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Voestalpine (OTCMKTS:VLPNY) released its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06), Zacks reports. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%.

Voestalpine Price Performance

OTCMKTS VLPNY traded down $0.69 on Wednesday, hitting $8.61. 100 shares of the company’s stock were exchanged, compared to its average volume of 4,601. The stock has a 50-day moving average of $9.83 and a 200-day moving average of $10.02. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 12.30 and a beta of 1.48. Voestalpine has a 52 week low of $7.64 and a 52 week high of $11.78. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VLPNY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Friday, September 4th. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Finally, Zacks Research upgraded Voestalpine from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Voestalpine

voestalpine AG is an Austria-based steel and technology group headquartered in Linz. Its business spans steel production and processing, specialty metals, metal forming, and railway infrastructure. The company supplies products and services to industries including automotive, rail, aerospace, energy, and mechanical engineering. Its offerings include high-performance steels and components, automotive parts, tooling, and rail, switch, and signaling systems. voestalpine’s roots trace to steelworks established in Linz in 1938.